Martinez-Gorricho, Silvia; Villalba, Miguel Sanchez - In: SERIEs - Journal of the Spanish Economic Association 12 (2021) 3, pp. 453-487
We generalize the disutility of effort function in the linear-Constant Absolute Risk Aversion (CARA) puremoral … indexes the disutility of effort associated with the task performed. In opposition to the literature (the "traditional …" ("novel") scenario occurs if and only if the marginal rate of substitution of the marginal disutility of effort function is …